UK Regulates ESG Ratings Providers
UK has mandated FCA regulation for ESG ratings providers to boost market transparency, prevent greenwashing, and manage conflicts of interest
India urged to establish dedicated ESG oversight body to combat greenwashing
A parliamentary panel has recommended that the MCA establish a dedicated oversight body to combat greenwashing and penalize fraudulent ESG claims, moving beyond the current disclosure-based system.
Sebi Tweaks ERPs Framework
As per SEBI, ERPs must disclose on their website the financial sector regulator or authority under which they conduct ESG ratings for each product
SEBI Tightens Regulatory Framework for ERPs
In a new consultation paper, SEBI has invited proposals that cover ERPs following a subscriber-pays model and an issuer-pays business model
85% Banks rely on ESG ratings for Financial Strategy
In 2023, 85% of FIs used ESG ratings to identify climate-related opportunities, managing over $4 trillion in assets.
ICRA Subsidiary Receives Sebi Nod for ESG Ratings
The approval makes the ICRA subsidiary one of India’s few organizations offering comprehensive risk-monitoring solutions for ESG ratings
CRISIL ESG Ratings Unit Gets Sebi Nod
CRISIL, which began its ESG scoring business in 2021, will transfer its over 1,000 companies across 65 sectors to its subsidiary
